WIR Net Worth Board

[forwardwego]

Update Feb 29 2020

Bank Accts: 28,600*

Retirement Accts: 202,500 
C&J $: 29,300

Real Estate: 600,000

Cars & boat: 45,000**
Assets: $905,400 


Mortgage (homestead): 28,800 
Mortgage (rental): 98,200
Liabilities: $127K 


NetW: $778K 

* 4 bank accounts, plus cash stash = liquid/nontaxable

** 2 cars & 1 boat, subtracting $500/month combined depreciation

$8K growth in @ 4months. Without recent stock drops we would have gained nearly $10K. Seems like we should be doing better than this since the mortgages' regular payments together build $1040 equity monthly. If nothing especially major negative happens, paying off our mortgage should boost us above $800K, which would be nice.

[minnesotapaintlady]

Well, I really did not want to do this today, but I did.  The stock loss actually didn't hurt the NW as bad as I thought it would...yet.  


Mortgage - $98,277 
CC debt - $4,840 

Total Debt $103,117 

Cash and Savings - $45,003
529s - $57,668 
Retirement - $488,295 
House - $300,000 

Total Assets $890,986 


Net Worth $787,869 (decrease of $27,630 since 1/1/20)

[tcu2003]

I did our monthly update yesterday - blergh. We’re down nearly 5%. DH’s 401k balance went down by about half his annual salary between the end of January and the end of February. Mine only wasn’t that bad because I have less in my account than he does. 🤣

On the bright side, my company hasn’t done the 2019 401k match yet (they calculate match and profit sharing after the end of the year - it’s usually deposited to our 401k accounts in mid-March), so I’m hoping when it happens, stocks are still on sale. 😂

[Rukh O'Rorke]

Haha! I may never look again!!


For all I know - I'm still a millionaire!!

[tcu2003]

Our 2019 401k match and profit sharing was posted yesterday to our accounts. Why oh why couldn’t it have been Monday or today?!?

Oh well, at least the market is still on sale from the start of the year.

[minnesotapaintlady]

Pretty soon it's going to be on sale from the start of LAST year! 

[tcu2003]

Anyone else check today? Definitely not pretty - we're down over 8% just since February, and over 12% for the year.

Here's our 2020 Q1 numbers:

me - 38

DH - 43
(only for a few more days!)
Income: I initially thought it'd be around $200k, but we got confirmation today no mid-year bonuses (which is small compared to year-end), and we'll see what happens between now and year-end for where we actually end up...so maybe less



No debt



Savings/Checking: ~$136k

House: ~428k

Retirement Accounts (401ks, Roths, old 401k): ~$1.029M

Brokerage Account: $3.6k
529 Accounts: $29k



TOTAL: ~$1.63M



We have 2 vehicles, but I choose not to include those as we're not likely to liquidate them, and if we did, we'd need to replace them with something else.

[buystoys]

Ages: 56/63

Retired on disability

IRA/Roth: $814k
Cash: $97k
House value: $165k
Rental value: $100k
House mortgage: -$80k

Total: $1.096m

$19K less than the first of the year

DH pension: $12.5k
DH SSDI: $21k
Me SSDI: $30k

[minnesotapaintlady]

Oh sweet.  I was thinking I updated this one monthly, but I guess it's quarterly.  I still ran my net worth numbers for this month though for my own personal records. Y'all don't want to see that!   It's UGLY. 

eta:  Shit.  Quarterly would be today.  I jumped the gun posting last month.  Here's the ugly!!

Mortgage - $97,223
CC debt - $4,212

Total Debt $101,435

Cash and Savings - $43,391
529s - $54,399
Retirement - $435,115
House - $300,000

Total Assets $832,905


Net Worth $731,470 (decrease of $86,294 since 1/1/20)

[Rukh O'Rorke]

Apr 1, 2020 8:01:50 GMT -5 minnesotapaintlady said:

Oh sweet.  I was thinking I updated this one monthly, but I guess it's quarterly.  I still ran my net worth numbers for this month though for my own personal records. Y'all don't want to see that!   It's UGLY. 

eta:  Shit.  Quarterly would be today.  I jumped the gun posting last month.  Here's the ugly!!

Mortgage - $97,223
CC debt - $4,212

Total Debt $101,435

Cash and Savings - $43,391
529s - $54,399
Retirement - $435,115
House - $300,000

Total Assets $832,905


Net Worth $731,470 (decrease of $86,294 since 1/1/20)

quarterly was a suggestion - I think monthly is fine if that is how you want to track.

I'm not looking yet! I probably should! I feel like I have enough stress without thinking about just a few months ago if I had cashed out....


I know my newjob 401k was down ~30% - how are you all managing so much less damage?

Amazingly - my house value is back up a bit? Crazy!

Maybe I will update tomorrow. Early meetings today - I lose interest in numbers as the day wears on....

[minnesotapaintlady]

Apr 1, 2020 9:17:32 GMT -5 Rukh O'Rorke said:

I know my newjob 401k was down ~30% - how are you all managing so much less damage?

My 401K says it's down 18.8% from Jan 1.  It's 100% S&P 500. 

When the crash first started I dumped some stocks on the first rebound to get me from a 92/8 allocation to a 85/15 one, so that buffered it a little (in hindsight should have done a lot more!)  Plus, I've been contributing this whole time.  Since Jan 1 I've put 11K in retirement, so I've gone from 523K to 435K even with that. 

[tcu2003]

I’ve been contributing all year, and my employer match + profit sharing from 2019 was added in early March, which helped my numbers.

[buystoys]

I got a settlement at the beginning of March that helped my cash number be so high.  Without it the picture would not have been as pretty.

[minnesotapaintlady]

My biggest investment stressor right now is my son's college savings account.  As of the end of January my parents still had it 100% in stocks.  They were talking about cashing it in, but I'm not sure that actually happened and I'm afraid to ask.  My stepmother's sister has been very ill the past month and actually passed away last night, so it's just not something I want to bring up right now.  At least we can make it off the 529 for a couple years without having to tap the other account.  Not ideal, or how we planned on doing things, but at least there are still options.  And who knows?  With how things are going he may be living at home and taking online classes this Fall, they already announced orientation would be online.  Definitely not ideal or what we'd planned either, but certainly a lot cheaper. 

[ners]

Down  $(18,666.66)
this month.   




Assets


Cash $15,778.00
Retirement $117,159.93
House $80,000.00
Car $5,800.00
Stock $4,372.61
Health Savings Account $4,499.47


Liabilities

Mortgage $56,306.31
Helco $13,742.28
Car $8,388.05

Net Worth  $149,173.37

[shanendoah]

Not as much fun to look at this time around, but ignoring it won't change it, so I might as well pay attention. And the mortgage went up because we refinanced. However, with lower interest and escrow, with us still paying the same amount each month that we had before, it should go down pretty quickly.

Age: Shanendoah- 44;  C-45
Income: ~$132k/yr (combined)

Mortgage: $518,191
Debts Total: $518,191

Savings: $5,572
S Retirement Accounts: $157,651
C Retirement Accounts: $19,050
Investments: $771
House: $682,136
Timeshare: $1,500
Car: $3,100
Assets Total: $894,644

Net Worth: $351,590
Previous : $378,726
Change: (27,136)

[steph08]

I said I was going to update quarterly.

But I'm not gonna, and you can't make me! 

 

[minnesotapaintlady]

Chicken!  

[cktc]

Ages: 36, 36, 4 and 2
Income: ~$120k

Omitting: DH pension, 529s, and Car values. Using lowest online estimate for home value.

Savings: $21,436
IRA: $63,313
DH 401k: $54,567
Investment: $8,956
House Value: $337,383

Total Assets: $485,655

Mortgage: $239,314
Car Loan: $5,897

Total Liabilities: $245,211


Net Worth: $240,444 up .46% from last quarter ($239,336)

[forwardwego]

Update Apr 29 2020

Bank Accts: 28,000*

Retirement Accts: 202,000 
C&J $: 27,400

Real Estate: 600,000

Cars: 36,000**
Assets: $893.4K 


Mortgage (homestead): 19,000 
Mortgage (rental): 97,400
Liabilities: $116.4K 


NetW: $777K 

* 4 bank accounts, plus cash stash = liquid/nontaxable

** 2 cars subtracting $500/month combined depreciation

Down $1400 in the past 2 months.

We are retired, in our early 60's, and pay base expenses with our pensions and DH's SS. We had part-time and side gigs to pay for special projects and extras. All the extra income has ceased for now. EF is fully funded at $20K, only debt is the mortgage we are "racing" and now at $19K. (ETA: there is a rental mortgage, but it is self-sustaining, very likely we will cash this out in 2 years when current renter's tenancy ends.)

I really want to continue to grow our NW. My TSP account is divided two thirds G Fund (government, "no risk", minimal growth), and one third L Income Fund (a target fund based on retirement timeline and a conservative mix of the 5 basic Funds: G, C, F, S, I). Since we do not need to use my TSP in the foreseeable future, maybe I should shift some to a target fund with a timeline of 2030? Thoughts on this? Or other suggestions/perspectives?? Thank you very much for your help.

[minnesotapaintlady]

I'm updating today only because I'm so excited that total debt is now under 100K!  

Mortgage - $96,166
CC debt - $3,500

Total Debt $99,666 

Cash and Savings - $47,732
529s - $57,629
Retirement - $485,363
House - $300,000

Total Assets $890,724


Net Worth $791,058 (increase of $59,588 since 4/1/20)

[tcu2003]

Apr 29, 2020 10:43:21 GMT -5 forwardwego said:

We are retired, in our early 60's, and pay base expenses with our pensions and DH's SS. We had part-time and side gigs to pay for special projects and extras. All the extra income has ceased for now. EF is fully funded at $20K, only debt is the mortgage we are "racing" and now at $19K. (ETA: there is a rental mortgage, but it is self-sustaining, very likely we will cash this out in 2 years when current renter's tenancy ends.)

I really want to continue to grow our NW. My TSP account is divided two thirds G Fund (government, "no risk", minimal growth), and one third L Income Fund (a target fund based on retirement timeline and a conservative mix of the 5 basic Funds: G, C, F, S, I). Since we do not need to use my TSP in the foreseeable future, maybe I should shift some to a target fund with a timeline of 2030? Thoughts on this? Or other suggestions/perspectives?? Thank you very much for your help.

I don’t know the different government funds, but doesn’t one of them somewhat mirror the S&P 500? If so, I’d probably just move it to that instead the G fund. Or move part of what’s in the G fund and keep the rest there if it makes you sleep better at night. ;-)

[tcu2003]

April Update:

Checking/Savings: $135k
House: $428k
Retirement: $1.178M
Brokerage: $3.9k
529s: $34k

Total NW: $1,780,399

Up 9% since last month - yay!

[forwardwego]

May 1, 2020 8:27:07 GMT -5 tcu2003 said:

Apr 29, 2020 10:43:21 GMT -5 forwardwego said:

We are retired, in our early 60's, and pay base expenses with our pensions and DH's SS. We had part-time and side gigs to pay for special projects and extras. All the extra income has ceased for now. EF is fully funded at $20K, only debt is the mortgage we are "racing" and now at $19K. (ETA: there is a rental mortgage, but it is self-sustaining, very likely we will cash this out in 2 years when current renter's tenancy ends.)

I really want to continue to grow our NW. My TSP account is divided two thirds G Fund (government, "no risk", minimal growth), and one third L Income Fund (a target fund based on retirement timeline and a conservative mix of the 5 basic Funds: G, C, F, S, I). Since we do not need to use my TSP in the foreseeable future, maybe I should shift some to a target fund with a timeline of 2030? Thoughts on this? Or other suggestions/perspectives?? Thank you very much for your help.

I don’t know the different government funds, but doesn’t one of them somewhat mirror the S&P 500? If so, I’d probably just move it to that instead the G fund. Or move part of what’s in the G fund and keep the rest there if it makes you sleep better at night. ;-)

thanks for your input tcu2003

yes the C Fund is S&P 500 based .... G is government bonds, F is bond fund, S is small cap stock fund, I is international stock fund

and there are L funds ( L income, L2020, L2030, L2040, and L2050) which are a mix of the GFCS&I with risk level giving consideration for retirement target date.

So my present distribution is 1/3 G no risk and 2/3 L income minimal risk. and results in minimal growth.

I'm realizing that even though I'm retired I'm not ready to tap that money and may not be for quite some time.  So I could adjust my funds more on when I'll be using them rather than the fact that I'm retired. Presuming at least 5 years and could be 10 years. 

And to move this distribution should I do so gradually, kind of like a dollar cost averaging? Or figure my desired distribution, go for it, and periodically rebalance??

Would really appreciate your thoughts TCU, and all Net Worthers.

[ners]

April 30 update


Assets



Cash $17,007.00
Retirement $129,115.94
House $80,000.00
Car $5,650.00
Stock $4,881.08
Health Savings Account $4,741.12






Liabilities

Mortgage $56,174.84
Helco $13,629.78
Car $8,210.55



Net worth  $163,379.97


Put stimulus money in savings.  Up 14206 this month.  Unfortunately down 13620 since beginning of year.

[Rukh O'Rorke]

Roths	102,412.75
401k and Rollovers	671,917.11
Other: EF, ESOP, HSA	35,282.96
House Value	518,034.00
Total Assets	1,327,646.82
Mortgage	245,882.92
Student Loans	107,250.06
Total Liabilities	353,132.98
Net Worth	974,513.84

Ok - so I finally took a look and it wasn't so bad! 

Netflix stock doing well, house value up, debts down, regular HSA and 401k contributions continuing and EF has plumped up.

I wasn't expecting this to show such minimal damage - but very thankful!

[Rukh O'Rorke]

May 1, 2020 8:22:58 GMT -5 minnesotapaintlady said:

I'm updating today only because I'm so excited that total debt is now under 100K!  

Total Debt $99,666 

Very cool! Kudos!!


^{Your total debt is less than my student loans....} 

[jenpen]

I totally chickened out on looking at my Fidelity accounts last month, so I missed my planned quarterly update.  Finally got up the nerve yesterday. Boy, am I glad I skipped it last month!  I was down by > $100k near the end of March   With the bounce back since then plus the 18k I've added to retirement/savings/investments and mortgage paydown, I'm only down ~12k from 12/31/19. Oh, and I paid off my car loan back in February, so debt is now just the mortgage.

Assets:   1,229,694

Debt:           71,770

NW:     $1,157,924

[tcu2003]

May 1, 2020 9:23:54 GMT -5 forwardwego said:

May 1, 2020 8:27:07 GMT -5 tcu2003 said:

I don’t know the different government funds, but doesn’t one of them somewhat mirror the S&P 500? If so, I’d probably just move it to that instead the G fund. Or move part of what’s in the G fund and keep the rest there if it makes you sleep better at night. ;-)

thanks for your input tcu2003

yes the C Fund is S&P 500 based .... G is government bonds, F is bond fund, S is small cap stock fund, I is international stock fund

and there are L funds ( L income, L2020, L2030, L2040, and L2050) which are a mix of the GFCS&I with risk level giving consideration for retirement target date.

So my present distribution is 1/3 G no risk and 2/3 L income minimal risk. and results in minimal growth.

I'm realizing that even though I'm retired I'm not ready to tap that money and may not be for quite some time.  So I could adjust my funds more on when I'll be using them rather than the fact that I'm retired. Presuming at least 5 years and could be 10 years. 

And to move this distribution should I do so gradually, kind of like a dollar cost averaging? Or figure my desired distribution, go for it, and periodically rebalance??

Would really appreciate your thoughts TCU, and all Net Worthers.

I’d probably just do it all at once. Or if it makes you feel more comfortable, do it in 2 steps, about half at a time. It’s easier to just do it now and get it over with, and then you’ll be back in the market/growth mode sooner.

[Blonde Granny]

I've been talking to my FA lately way more than in the past. So far, I'm stable, but he told me he would make some quick changes if things start looking different next week. Me? that's what I pay him for, so I just let things ride.